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Bas_tet [7]
3 years ago
8

A company purchased a delivery van for $30,000 with a salvage value of $6,000 on January one, Year 1. It has an estimated useful

life of 6 years or 60,000 miles. The van was driven 13,000 miles in the first year. Using the units of production method, how much depreciation expense should the company recognize on December 31, Year 1
Business
1 answer:
insens350 [35]3 years ago
4 0

Answer:

The depreciation expense for Year 1 under units of production method is $5200.

Explanation:

The units of production method of depreciation charges the depreciation expense based on the activity level for which the asset was used during a period. There is an estimated useful life of the asset in terms of how many units it is expected to produce through out its useful life. The formula for units of production method of depreciation is,

Depreciation charge per unit = (Cost - Salvage value)  /  Total estimated useful  of asset in units

Thus, per unit depreciation is =  (30000 - 6000) / 60000    =  $0.4 per mile

In the first year, the asset is used for 13000 miles so depreciation expense for the year is,

Depreciation expense Year 1 = 0.4 * 13000  =  $5200

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The activity, set of institutions, and process for creating, capturing, communicating, delivering, and exchanging offerings that
zhenek [66]

Answer:  Marketing

Explanation:

 According to the AMA (American Marketing Association), the marketing is the term that is used to refers to the various types of activities, process and the communication process for exchanging the various types of information to the customers and the clients.

It is also known as the economical response pattern that helps in understanding the actual requirement of the customers in terms of products, brands and the services.

 According to the given question, the marketing is refers to the activities and process for communicating, creating and also delivering the products and the services in the market.

 Therefore, Marketing is the correct answer.

5 0
3 years ago
In preparing its bank reconciliation for the month of April 2018, Bonita, Inc. has available the following information.
Strike441 [17]

Answer:

The adjusted cash balance at April 30, 2018 is $78,400

Explanation:

The computation of the adjusted cash balance is shown below:

= Balance per bank statement + Deposits in transit - Outstanding checks

= $79,000 + $10,200 - $10,800

= $78,400

We simply added the deposit in transit and deducted the outstanding checks to the balance as per bank statement.

Other items which are given in the question is ignored

4 0
3 years ago
Designs by Candice is a graphic design studio specializing in logos and business stationery. Candice has just made a $69,300 inv
borishaifa [10]

Answer:

Designs by Candice

Her costs include:

Costs of materials, labor, overheads.  

Then in charging her customers she would include the profit target of $7,623 (representing 11% of her capital investment).

Explanation:

As a graphic design studio, Design by Candice would buy stationery and design materials, including 3D printers and other software.  Candice would also incur labor costs on those doing the design proper.  There are also manufacturing overheads, including rent, utilities, etc. and not to forget other indirect costs like selling and marketing and administrative expenses.

7 0
4 years ago
You have been given $100 to go school shopping. Identify how you would spend the money based on "needs" and "wants".
mojhsa [17]

Answer:

Explanation:

You will need:

pens, paper, pencils, folders, notebooks, shoes and clothes for school

Your wants would be:

the air jordan shoes instead of the walmart brand.

A colorful 3d folder or notebook instead of the generic plain ones

a 5 dollar pen or pencil when you can get 12 for a dollar

Needs would be very basic items

wants are usually much more expensive

8 0
4 years ago
Read 2 more answers
Part of the Lands' End business model includes purchasing products and then selling them again without any reprocessing. Lands'
hodyreva [135]
Part of the lands' end business model includes purchasing products and then selling them again without any reprocessing. Lands' end is operating in the reseller market.
This company doesn't use the goods it has bought - it just sells it again to another company so as to get some profit.
3 0
3 years ago
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